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Everyone is entitled to an opinion, but when the only reason for expressing that opinion is to bait or irritate others you really should take a long look at yourself, there are are far too many people like that on social media.
I think some of us expected this might happen, he is happy to bide his time before increasing his holding, rather than push it and pay more than he has to, the only thing that would make me reassess is if he started to sell, but no sign of that.
Stebbing was not the only problematic drill in the SFB, Humpback was also challenging for FOGL, and I am still not sure I trust the results which were released by the drill operator Noble. There are clearly commercial hydrocarbons in the basin, we know that, for me the main issue has always been will anyone take on the challenges of a virgin basin in an area where there has in the past been political uncertainty from Argentina and no existing infrastructure.
Looking at this day to day can drive you nuts, unless you are looking to buy and sell slices for small profits just remember the bigger picture, if you believe the prospects are better now than at any time since the discovery, as I do, then ground yourself on that belief and be patient.
If Brimacombe had stuck with just the three percent he bought in January it would be much easier to dismiss this as a punt, but he hasnt, in my view he either knows someone Borders have been talking to or has heard through his connections that someone is interested in Borders
I think the revised technicals, making this attractive to a partner with less deep pockets could be very significant. We are three months into this new world of energy supply, for new investments oil companies will still be getting their ducks in order....patience is still the key.
I never really expected the news we wanted in a scheduled rns, there was always a valid reason for results to be delayed. However two facts remain unaltered, we have a new investor who appears still to be buying and the global situation for energy supplies has totally changed from what it was at the start of the year. The board have no obligation to give us more information than they have until a deal is done, this lot have always been very coy, they have told us the bare minimum, that the farm in process is continuing.
In my experience some people dont need a reason to antagonise others on these sites, its how they get their kicks, which is why I like to call people out on their logic if I think they are posting just for that reason.
Still waiting and will continue, whether we get the full news we want in the annuals I dont know, but I am expecting confirmation that the mood music is very different to previous years in terms of a farm in, if not now then never.